Demat account or dematerialized account is the electronic format of holding shares and securities for future trades. It has now become mandatory for every investor to have one. Any young investor, new to the stock market, would feel confused by the wide array of choices on demat account that are available to them. It is necessary that you make a smart choice or would end up paying high cost and charges for each transaction.
Here is the list of 5 best demat accounts in India:
- Angel Broking:
They are now leading full-service brokers in India. They also provide support to all concerned areas of the stock market. They provide research reports and tips to the clients to get them updated on the latest changes that have occurred in the market. They are fully equipped with modern technologies to help you in the field. They have trading platforms like Angel Speed Pro and Angel Broking Mobile App. They also feature ARQ, an investment engine that gives automated stock performance tip. The combined feature of experts and technology make them a suitable choice for many beginners to start learning and experiencing the trade safe and secure.
One of the first brokerages in India that have led the path of discount broking is Zerodha. Discount broking is when they charge nothing for equity delivery and have a fixed brokerage for other financial segments. It has now reached its height with the new technologies. They have a Zerodha Brokerage Calculator to know about the charges levied and a Zerodha Varsity, a comprehensive educational repository, to learn about basics of the market.
- ICICI Direct:
They are the top financial agencies that provide the best quality services to its customers. They have the feature to open a 3 in 1 demat account where you don’t have to open multiple accounts to manage funds and trading separately. Thus, it reduces the task of transferring the funds between trading and bank account. Due to their vast reach and the reputed name, they are one of the trustable means to begin your journey with one of the best demat accounts in India.
Known previously as RKSV, Upstok is supported by world-class investors and has become one of the largest low-cost brokerage firms in India. Here, stock investments are free with no brokerage charge added. Another advantage of it is the fact that when you open a demat account in here, a trading account is automatically opened for you after the selection of segments that you wish to trade.
One of the topmost branches that provide full-time stockbroking space in India, Sharekhan provides tips and recommendations to its client after a detailed analysis in the field is ensured. This would help the beginners to grasp the concept of the market and keep up to the world around. They provide flexibility in trade and ample coverage in the number of financial segments that you chose to trade.
The above mentioned are some of the best demat accounts in India that can help you chose the right way to invest and guide you through the different situations that you might find yourself in. They are characterized for the customer services offered and the benefits that you can avail yourself of them.